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11:55 PM ET, April 13, 2011


 Top Items: 
Paul Krugman:
The Budget Speech  —  Style: I liked the way Obama made a case for government at the beginning.  I liked the way he accused Republicans of pessimism, of abandoning a hopeful vision of America.  Good that he went after the Ryan plan — and good that he went after the cruelty of that plan.
Clive Crook / The Atlantic Online:
Obama's Speech Was a Waste of Breath  —  Obama had a difficult assignment in this speech, partly because of the exaggerated hopes for it (see previous post).  Even allowing for that, it was weak both politically and substantively.  My instant unguarded reaction, in fact, was to find it not just weak but pitiful.
Discussion: The Daily Caller and Viking Pundit
Statement: Robert Greenstein, President, on President Obama's Deficit-Reduction Plan  —  President Obama made an important contribution today to efforts to address the nation's long-term fiscal problems, proposing a plan to reduce deficits by about $4 trillion over the next 12 years and meet …
David Leonhardt / New York Times:
Do-Nothing Congress as a Cure  —  A trick question: If Congress takes no action in coming years, what will happen to the budget deficit?  —  It will shrink — and shrink a lot.  This simple fact may offer the best hope for deficit reduction.  —  As federal law currently stands …
Associated Press:
CBO: Budget deal cuts this fiscal year's deficit by just $353 million, not $38 billion touted  —  WASHINGTON — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent …
National Review:
Strike One  —  We initially supported the deal House Speaker John Boehner cut with the White House to cut $38.5 billion from the rest of the fiscal year 2011 budget.  It was only a pittance in the context of all of Washington's red ink, but it seemed an acceptable start, even if we assumed it would be imperfect in its details.
Ben Terris /
‘Patriotic Millionaires’ Ask to Be Taxed More  —  If President Obama's deficit-reduction speech today includes a call to end the Bush-era tax cuts for the wealthiest Americans, there will surely be pushback; Republicans have already begun a preemptive attack on raising taxes.
Discussion: Hot Air, Moe Lane and Instapundit
Alexander Bolton / The Hill:
Graham vows to bring Senate to standstill over $40K for project
Discussion: MyDD and InvestmentWatch
Myglesias / Yglesias:
Call The Hostage Takers' Bluff
David Rogers / The Politico:   John Boehner: 'I'll get there' on budget
Mike Lillis / The Hill:
Dem women will vote for CR despite limits on DC abortions
Discussion: Corrente
Jordan Fabian / The Hill:
Pawlenty urges lawmakers to reject 2011 budget deal
Washington Wire:
Text of Obama Speech on the Deficit  —  Here is the prepared text of President Barack Obama's speech on the deficit, as released by the White House:  —  Remarks of President Barack Obama - As Prepared for Delivery  —  The Country We Believe In  —  The George Washington University  —  Washington, D.C.
New York Times:
Obama's Speech on Reducing the Budget (Text)  —  Following is a prepared text of President Obama's debt-reduction speech, to be delivered on Wednesday at The George Washington University, as released by the White House:  —  Good afternoon.  It's great to be back at GW.
Jake Tapper / Political Punch:
Throw Grandma From the Train  —  President Obama at the GOP House retreat, January 2010:  —  “We're not going to be able to do anything about any of these entitlements if what we do is characterize whatever proposals are put out there as, 'Well, you know, that's — the other party's being irresponsible.
Allahpundit / Hot Air:
Paul Ryan rips Obama's speech: “Rather than building bridges, he's poisoning wells”
Discussion: Wall Street Journal, CNN and TPMDC
Ed Morrissey / Hot Air:
Obama's solution to deficit: spending, ObamaCare, and tax hikes
Garance Franke-Ruta / The Atlantic Online:
Obama's Deficit Speech (Transcript)
Discussion: The Mahablog
Steve Benen / Washington Monthly:
George Washington / The White House:
Remarks by the President on Fiscal Policy
Colby Hall / Mediaite:
Paul Ryan Is Very Disappointed With The President: ‘Demagoguery Not Solutions’
Discussion: Weasel Zippers
Text of Obama's Speech: 'I'm Proposing a More Balanced Approach'
The White House:
FACT SHEET: The President's Framework for Shared Prosperity and Shared Fiscal Responsibility  —  The President believes that we need a comprehensive, pro-growth economic strategy that invests in winning the future, lays the foundation for strong private-sector job growth and ensures …
Sean J. Miller / Ballot Box:
Dem leader: Obama's approach to GOP ‘frustrating to Democrats? You betcha’
Discussion: Weasel Zippers, The Hill and The Nation
Damian Paletta / Washington Wire:
Alan Simpson: ‘Pray for Gang of Six’
Discussion: ABCNEWS and Swampland
Alexander Bolton / The Hill:
Some Senate Dems willing to consider Social Security reforms
The Note:
Asleep on the Job: What Was Vice President Joe Biden Doing During Obama's Debt Speech?  —  ABC's Z. Byron Wolf reports:  —  Vice President Biden chose an inopportune time for either a nap or some deep reflection today.  —  As President Obama weighed in on one of the most important issues of the day …
Lauraklairmont / CNN:
LensCrafters v. Bachmann  —  Washington (CNN) - The optics don't look great for Minnesota Rep. Michele Bachmann.  That is, if you're talking about her relationship with LensCrafters, the one-stop shop of eye care and eyewear.  —  The possible GOP presidential candidate supported her belief …
Discussion: TPMDC
Emily Heil / Roll Call:
Heard on the Hill: Eye Spy a Bachmann Controversy
Blogger Bob / The TSA Blog:
Screening of 6 Year-Old at MSY  —  ***Update 4-13-2011 7:07 PM*** Welcome Drudge readers and anyone else who's new to the TSA Blog.  Seeing that many of you have never been here before, I wanted to provide links to a couple of posts we've written on pat-downs.  They will give you a better idea of why pat-downs are used and when.
Board of Governors of the Federal Reserve System:
For immediate release  —  The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing.
Glenn Greenwald / Salon:
Obama's “bad negotiating” is actually shrewd negotiating  —  (updated below)  —  In December, President Obama signed legislation to extend hundreds of billions of dollars in Bush tax cuts, benefiting the wealthiest Americans.  Last week, Obama agreed to billions of dollars in cuts …
Joe Weisenthal / Associated Press:
WHOOPS: AP Falls For Hoax Press Release Saying That GE Will Repay Government $3.8 Billion Tax Break  —  Original post: The AP just fell for a hoax press release, which claimed that GE would repay the government the $3.8 billion tax loss carryforward it received.
Associated Press:
Related Quotes  —  NEW YORK (AP) — The Associated Press …
Shane D'Aprile / Ballot Box:
Santorum officially ‘testing the waters’  —  Former Sen. Rick Santorum (R-Pa.) moved a step closer to a 2012 run for president, announcing Wednesday the formation of an effort to test the fundraising waters.  —  Santorum made the announcement during an interview with Fox News's Greta Van Susteren …
Discussion: CNN
Steven Hayward / Power Line:
The Mask Slips, Falls to Ground, Explodes  —  I know, I know, applying the “mask slips” metaphor to Nancy Pelosi, who appears to have sprung full blown from some twisted lefty-nightmare remake of The Stepford Wives, may seem a cliché, but this extraordinary video …
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 More Items: 
San Francisco Chronicle:
Barry Bonds guilty of obstruction of justice
Discussion: TalkLeft
David Holthouse / Media Matters for America:
“Family Friendly” Machine Gun Festival Welcomes Extremists
Larry O'Connor /
Dem Rep Mocks Tea Party Colleagues With Red Neck Southern Accent
Discussion: theblogprof and The Blast
Richard Florida / The Atlantic Online:
The New American Dream: Denser, Smaller, Closer, But Still Private
Discussion: Eschaton
Myglesias / Yglesias:
Barack Obama's Deficit Plan
Discussion: TPMDC and The Reid Report
 Earlier Items: 
Wbastone / The Smoking Gun:
Inhofe “Scared The Crap Out Of” Airport Workers
Barry Ritholtz / The Big Picture:
Case Shiller 100 Year Chart (2011 Update)
Discussion: Cafe Hayek and The Atlantic Online
Robert Costa / National Review:
DeMint Not Interested in Veep Slot
Discussion: Cubachi and The Hill
Thomas L. Friedman / New York Times:
Pray. Hope. Prepare.